The average price of a gallon of self-serve regular gasoline in Los Angeles County increased by 2.3 cents on Tuesday, marking the 20th rise in the past 22 days. The price now stands at $6.139, the highest it has been since October 15.
Over the past 22 days, the average price has gone up by 74.2 cents, including a 1.5 cent increase on Monday. The price increased for 16 consecutive days, then dropped slightly on Thursday and Friday, before rising again on Saturday.
Compared to one week ago, the average price is now 11.2 cents higher. It is also 78.3 cents higher than one month ago and 29.9 cents higher than this time last year. However, it has dropped by 35.5 cents since reaching a record high of $6.494 on October 5.
In Orange County, the average gas price has increased for the 23rd time in 25 days. It rose by 2.3 cents to reach $6.111, the highest price since October 13. Over the past 25 days, the average price has increased by 79.5 cents, including a 1.5 cent increase on Monday.
The average price in Orange County rose for 19 consecutive days, then dropped slightly on Thursday and Friday before rising again on Saturday. Compared to one week ago, it is now 8.9 cents higher. It is also 81.7 cents higher than one month ago and 28 cents higher than this time last year.
Since reaching a record high of $6.459 on October 5, the average price in Orange County has dropped by 34.8 cents.
Nationally, the average gas price has resumed its downward trend, decreasing by 1.1 cents to $3.838. This comes after a six-day streak of price drops totaling 3.4 cents was interrupted by a slight increase of two-tenths of a cent. The national average price is now 4.2 cents lower than one week ago, but 1.8 cents higher than one month ago and 11.3 cents higher than this time last year.
Since reaching a record high of $5.016 on June 14, 2022, the national average price has dropped by $1.178.
“It’s been a mostly quiet week for the national average price of gasoline, with most states seeing gas prices cool off,” said Patrick De Haan, head of petroleum analysis at GasBuddy, a leading provider of real-time gas price information from over 150,000 stations.
“However, new and ongoing refinery issues in certain regions have had a significant impact on gas prices in states like Southern California, Arizona, and Nevada. While most states are expected to see gasoline prices continue to fall in the coming week, any new refinery issues during maintenance periods could pose problems.”
